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How will billionaires be able to afford to buy politicians?

a consortium of billionaires today warned that if their taxes are raised they will no longer have enough money to buy politicians.

The group, led by casino billionaire Sheldon Adelson, commissioned a new study showing that the cost of an average politician has soared exponentially over the past decade.

While the American family has seen increases in the cost of food, health care and education, Mr. Adelson says, “those costs don’t compare with the cost of buying a politician, which has gone through the roof.”

That is very worrying. Food, health care, education and housing are all luxuries, of course, but the ability for billionaires to afford to buy politicians is non-optional.

Plus think of all the jobs!

The Vegas magnate complains that the media has ignored billionaires’ essential role in giving jobs to politicians who would otherwise have difficulty finding “honest work of any kind.”

“Billionaires are providing employment for a group of seriously incompetent and marginal people,” Mr. Adelson says. “You raise taxes on us, and who’s going to create those jobs? I really don’t think people have thought this through.”